Daily News Digest

Treasury says lockdown to cost £337bn in best-case scenario, as it warns of tax rises and pay freeze

A leaked Treasury document drawn up for Chancellor Rishi Sunak says the lockdown will likely cost between £300-£500 billion. It warns that the economic hit could require up tp £90bn in annual tax rises and spending cuts over the coming years – Telegraph

Back to work day: Commuters pack on to Tube and trains – but social distancing proves impossible on limited services – after Boris Johnson urged workers to return today – Mail

Rishi Sunak’s decision to extend the furlough to October is a body blow and we should all be fearful – Alex Brummer, Mail

Easing coronavirus lockdown: what will happen to house prices when the market reopens? – Carol Lewis, Times

China is using the Covid crisis to bully Europe – Con Coughlin, Telegraph

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